News

Zetrix and Web3Labs launch Zetrix Global Accelerator Program

Zetrix, a layer-1 public blockchain platform owned by MY E.G. Services Berhad (MYEG), and Web3Labs Hong Kong, a Web3 development and investment powerhouse, have on Monday launched the Zetrix Global Accelerator Program to incubate and nurture promising Web3 startups from all over the world with ecosystem support from Hong Kong’s progressive Virtual Asset…

SSS Philippines accelerates digital transformation with MYEG Philippines partnership

The Social Security System of Philippines (SSS PH) and MYEG Philippines, Inc. (MYEG PH) have entered a groundbreaking partnership to enhance the payment experience for SSS PH members. With this strategic collaboration, SSS PH members will be able to enjoy a hassle-free and efficient online payment of loans and contributions.

Singapore’s Carousell Co-Founder Lucas Ngoo to step down

Ngoo said he will continue to have full vested interests in the success of Carousell as a co-founder, board director and shareholder, and have full confidence in our business and leadership team.

Singapore to invest over $743M in AI over the next five years – Budget 2024

"To support this strategy and further catalyse AI activities, I will invest more than $1 billion over the next five years into AI compute, talent, and industry development," Wong, who is also the Minister for Finance, said as he delivered Singapore’s FY2024 Budget Statement.

IFC invests in Tajikistan’s first green bond to support climate-smart projects

The International Finance Corporation (IFC) has announced a subscription of up to $10 million in a landmark local currency green bond issued by Tajikistan's Eskhata Bank—the first in the country — to boost access to climate finance for smaller businesses amid a challenging macro-economic environment.

India’s Ayekart raises $6.5M in Series A funding led by Omnivore, Siana Capital, Unleash Capital Partners

Ayekart, an India-based agrifood fintech platform, has raised $6.5 million in a Series A round led by Omnivore, Siana Capital, and Unleash Capital Partners. With this capital infusion, Ayekart aims to expand its operations nationwide and cater to a larger audience of Farmer Producer Organizations (FPOs), food manufacturers, distributors, and retailers.

Vietnam’s VinFast partners with five dealers in Indonesia

Vietnamese carmaker VinFast Auto has officially signed the letter of intent with five dealers in Indonesia. The signing marks an important step in expanding VinFast’s distribution network in the Indonesian market and strengthening its brand recognition and competitiveness globally.

Malaysia’s Secondlifeasia expands to Thailand via investment in Appidea

Secondlifeasia, a Malaysia-based smart device repair company, announced its expansion to Thailand, through a joint venture with Appidea Co., Ltd with an initial investment of $250,000. The expansion will see the firm strategically setting up a total of three centrally located brick-and- mortar outlets in Thailand by the end of 2024.

Malaysia’s KWAP invests $21M in Bateriku, Lapasar, Vynn Capital and Antler

Malaysia's pension fund Kumpulan Wang Persaraan (Diperbadankan) [KWAP] has on Friday announced the first batch of investments made under its Dana Perintis strategy. The investments, which amount to MYR 100 million ($21 million), comprise two direct investments in Malaysian startups and two venture capital fund commitments.

Blue Planet Boosts Circular Economy with a majority stake in Mahindra Waste to Energy

Blue Planet Environmental Solutions Pte. Ltd. (Blue Planet), a Singapore-based sustainable waste management firm, has finalized the acquisition of Mahindra Waste to Energy Solutions Limited (MWTESL), a subsidiary of Mahindra Group.